You were the one who said there are tax advantages to this Wialan/WiFidelity arrangement. If WiFidelity was a wholly owned subsidiary of Wialan then I'd agree with you. However, that's not the case. WiFidelity is owned by Tim Peabody and others. It would be very interesting to know who else, besides Tim Peabody, owns WiFidelity. Does Victor Tapia and Mike Connor own WiFidelity too? Who knows but I bet they do. The problem with this arrangement is the potential of a conflict of interest between insiders and regular WLAN retail shareholders. Now this is a hypothetical but I've seen it before in the pinks. Insiders set up a separate private company for sales and distribution. The public entity WLAN, sells product to the privately held WiFidelity at cost, and then the privately held WiFidelity is the entity that adds all the profit margin. Retail WLAN shareholders are left with zippo, while the insiders controlling WiFidelity make all the profit. Now I'm not asserting that this is the motive in Tim setting up WiFidelity but it only illustrates the real potential of insiders benefitting at the expense of the public shareholders. I think it would be a good idea for Tim Peabody to post WiFidelity's partnership agreement so WLAN retail investors know who controls WiFidelity.
Market Data 
Markets 
AI
